UK energy storage firm AceOn has joined a call to reverse changes to Value Added Tax (VAT) rates applicable to energy storage systems that came into effect in the country in 2019.
A 100MW battery storage facility in Co. Offaly in Ireland has this week been energised, having been developed as part of a partnership between local developer Lumcloon Energy and South Korea’s Hanwha Group.
The UK needs “robust energy storage technologies and clear strategies for implementing them,” to accelerate the transition towards decarbonisation, the lead author of a new roadmap detailing the role of energy storage technologies in the country over the next 10-15 years has said.
A new market for providing ancillary services to the UK’s grid has been highlighted as more valuable in its first seven weeks of operation than any other frequency response service run by the network operator, National Grid ESO.
UK energy storage solutions provider Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million (US$198.94 million) investment the infrastructure equity investment arm of investment manager M&G.
Developer Fotowatio Renewable Ventures (FRV) has unveiled the second utility-scale battery project in its “strategic plan to develop energy storage projects globally”.
Construction work has begun on Technology provider Highview Power’s 50MW / 250MWh liquid air energy storage (LAES) facility in Greater Manchester, England.
The UK’s biggest battery storage project so far has been acquired by London Stock Exchange-listed battery storage investor Gresham House Energy Storage Fund and is already participating in numerous grid services markets.
UK electricity system operator National Grid ESO is reviewing its previously-announced timescale for the introduction of two dynamic frequency response services and phase out of the existing market regime.
